What is the best cash Isa to choose?
It depends on what you’re looking for. If you don’t mind tying your money up for long periods of time, you might consider a good fixed rate Isa. If you think you may want to get at your cash in a hurry, you should look for one which offers instant access. You should also keep your eyes peeled for the best interest rates. Remember that interest rates change and the best Isa today may not be the best Isa tomorrow. If you want the flexibility of being able to transfer your Isa at a later stage, look for ones which have no transfer penalty. Here is a small selection of mini cash Isas. • Portman Building Society – pays 7.3%. But it does have a 30 day notice penalty. The rate includes a 1.3% bonus which is payable until 1 January 2001. • Smile – pays 7.25%, there’s no transfer penalty and there is instant access to your cash. • Leek United Building Society – also pays 7.25% but you have to give 60 days’ notice to withdraw any money. • Coventry Building Society – pays 7.05%. It offers instant
